Goods In Transit Insurance

This policy insures goods which are in transit, usually by road or rail within a specific country.

One can opt for an Open Cover, where an indication is made of the total number of transits anticipated during the year. This estimation will be subject to actual transits that will be declared. Another option is the Specific Cover which covers particular consignments which have been declared before the actual transit.

The policy compensates for loss of or damage to goods arising due to:

Fire

Lightning

Breakage of bridges

Collision

Accidental overturning

Derailment

All Risks Cover

Water/Rain damage

Theft

The policy also covers goods while housed temporarily in the course of transit. The policy can also be issued on an all risk basis on exceptional circumstances.